Merkel ally: If Trump imposes punitive tariffs, we'll likely do the same

BERLIN (Reuters) - If U.S. President Donald Trump imposes punitive tariffs on goods from other countries, Europe will probably do the same, a senior ally of German Chancellor Angela Merkel said in a magazine interview.

Trump has pulled out of a multilateral trade agreement with Asia-Pacific nations, vowed to renegotiate the U.S. free-trade deal with Canada and Mexico and wants to protect U.S. industries from foreign competition by levying new tariffs on goods.